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How GEO Group (GEO) makes money

GEO Group (GEO) made $761M of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. GEO Secure Services brought in $605M (79%); Electronic Monitoring and Supervision Services brought in $81.8M (11%); Reentry Services brought in $74.3M (10%). Of every dollar of revenue, 13¢ was left as operating profit, 6¢ was left as net earnings.

Drawing the Sankey…

GEO Group revenue by segment, Q3 2026GEO Group revenue by segment, Q3 2026GEO Secure Services$605MElectronic Monitoring and Supervi…$81.8MReentry Services$74.3M
GEO Group: revenue by line, Q1 2025 to Q3 2026GEO Group: revenue by line, Q1 2025 to Q3 2026GEO Secure ServicesElectronic Monitoring…Reentry ServicesGEO Secure Services: $605M latest$605MElectronic Monitoring and Supervision Services: $81.8M latest$81.8MReentry Services: $74.3M latest$74.3MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
GEO Secure Services went from 76% of revenue in Q1 2025 to 79% in Q3 2026, the largest shift in the mix.
GEO Group revenue by quarterGEO Group revenue by quarter$605MQ1 2025$636MQ2 2025$682MQ3 2025$708MQ4 2025$705MQ1 2026$732MQ2 2026$761MQ3 2026
GEO Group: where each dollar of revenue goesGEO Group: where each dollar of revenue goesOperating profit13¢Income tax2¢Net earnings6¢Operating cash flow27¢Free cash flow23¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
GEO Secure Services$605M79.5%+4%+14%
Electronic Monitoring and Supervision Services$81.8M10.8%+7%+2%
Reentry Services$74.3M9.8%+3%+2%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$761M100.0%
Operating profit$102M13.5%
Income tax$17.9M2.4%
Net earnings$49.2M6.5%
Operating cash flow$209M27.5%
Free cash flow$177M23.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$761M+12%
Q2 2026$732M+15%
Q1 2026$705M+17%
Q4 2025$708M+16%
Q3 2025$682M+13%
Q2 2025$636M+5%
Q1 2025$605M-0.2%

From GEO Group's 10-Q filed Nov 6, 2026 (on EDGAR).

Questions

How does GEO Group make money?

GEO Group (GEO) made $761M of revenue in the third quarter 2026 (Q3 2026), +12% from a year earlier. GEO Secure Services brought in $605M (79%); Electronic Monitoring and Supervision Services brought in $81.8M (11%); Reentry Services brought in $74.3M (10%). Of every dollar of revenue, 13¢ was left as operating profit, 6¢ was left as net earnings.

What is GEO Group's biggest business?

GEO Secure Services: $605M in the third quarter 2026, 79% of revenue, +14% from a year earlier.

What is GEO Group's profit margin?

Net earnings were $49.2M, 6.5% of revenue, in the third quarter 2026; the operating margin was 13.5%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.